Kunal Bothra of LKP is of the view that one may go long in LIC Housing Finance as the stock may test Rs 240.
Kunal Bothra of LKP told CNBC-TV18, "There is a small hurdle in LIC Housing Finance around Rs 210-212. If the stock trades above Rs 210-212 then I think it's a good sign one could probably look at the target of Rs 240 plus from a two to three months perspective. So, I think it's a good stock and probably above Rs 212, I will be more confident of taking long positions on LIC Housing Finance."
At 13:47 hrs LIC Housing Finance was quoting at Rs 208.85, up Rs 6.10, or 3.01 percent. It has touched an intraday high of Rs 210.80 and an intraday low of Rs 204.
The share touched its 52-week high Rs 280.50 and 52-week low Rs 152 on 21 May, 2013 and 04 September, 2013, respectively. Currently, it is trading 25.54 percent below its 52-week high and 37.4 percent above its 52-week low. Market capitalisation stands at Rs 10,539.89 crore.